While many consumers are choosing lower emissions vehicles, Australian businesses are set to continue playing an outsized role in EV adoption. According to new research , 40% of companies expect to use EVs or hybrids in the next 6-12 months, up from 14.7% today2. Looking beyond the next year, that’s projected to more than double again.
Chris Moldrich, CommBank General Manager, Asset Finance, says actual and intended EV adoption trends show an acceleration in business use that’s already far outstripped earlier expectations. However, gaining critical mass will rely on a range of factors, from accessible charging stations to higher engagement with incentives like subsidies and rebates.
“While more public sector investment in charging infrastructure is needed, particularly in regional locations, EV usage is surging as the market matures and becomes more affordable. That’s helped by government concessions and an expanding choice of vehicles beyond luxury models,” Moldrich says.